TD SYNNEX CORP SEC 10-Q Report
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TD SYNNEX CORP, a leading global distributor and solutions aggregator for the IT ecosystem, has released its Form 10-Q report for the second quarter of fiscal year 2025. The report highlights significant growth in both financial and operational metrics, driven by robust performance across its diverse portfolio of technology products and services.
Financial Highlights
- Revenue: $14,946 million, increased by 7.2% compared to the same period last year, driven by growth in both Endpoint Solutions and Advanced Solutions portfolios.
- Gross Profit: $1,046 million, representing a gross margin of 7.00%, slightly up from 6.98% in the prior year period.
- Operating Income: $328 million, reflecting an operating margin of 2.20%, up from 1.89% in the prior year period, indicating improved operational efficiency.
- Net Income: $185 million, up from $144 million in the prior year period, reflecting a net income margin of 1.24%.
- Diluted EPS: $2.21, compared to $1.66 in the prior year period, indicating a significant increase in earnings per share.
Business Highlights
- Revenue Segments: The company reported growth in both its Endpoint Solutions and Advanced Solutions portfolios. The Endpoint Solutions portfolio includes personal computing devices, peripherals, mobile phones, and accessories, while the Advanced Solutions portfolio includes data center technologies such as hybrid cloud, security, storage, networking, servers, software, and hyperscale infrastructure.
- Geographical Performance:
- The Americas region saw a revenue increase of 5.3% for the three months ended May 31, 2025, and 5.7% for the six months ended May 31, 2025, driven by growth in both solutions portfolios.
- Europe experienced a 10.5% increase in revenue for the three months ended May 31, 2025, and a 5.1% increase for the six months ended May 31, 2025, with the strengthening of the euro against the U.S. dollar contributing to this growth.
- The Asia-Pacific and Japan (APJ) region reported an 8.7% increase in revenue for the three months ended May 31, 2025, and a 6.9% increase for the six months ended May 31, 2025.
- Future Outlook: The company is focusing on strategic imperatives such as expanding its portfolio in mature and developing markets, targeting new customer groups with personalized solutions, and accelerating its focus on services to enhance its value proposition. The company aims to be a vital solutions aggregator and orchestrator that connects the IT ecosystem, leveraging its comprehensive catalog of technology products and services.
SEC Filing: TD SYNNEX CORP [ SNX ] - 10-Q - Jul. 02, 2025